Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.3.0.814
NET LOSS PER SHARE
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
6.
NET LOss per share
 
The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the three and nine months ended September 30, 2015 and 2014:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(1,233,327)
 
$
(2,840,754)
 
$
(3,886,613)
 
$
(3,513,827)
 
Weighted average shares used in computing basic loss per share
 
 
9,730,728
 
 
8,358,718
 
 
9,712,721
 
 
6,199,350
 
Net loss per share - Basic
 
$
(0.13)
 
$
(0.34)
 
$
(0.40)
 
$
(0.57)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(1,233,327)
 
$
(2,840,754)
 
$
(3,886,613)
 
$
(3,513,827)
 
Weighted average shares used in computing diluted loss per share
 
 
9,730,728
 
 
8,358,718
 
 
9,712,721
 
 
6,199,350
 
Net loss per share - Diluted
 
$
(0.13)
 
$
(0.34)
 
$
(0.40)
 
$
(0.57)
 
 
The unvested restricted share units (“RSUs”) have been excluded from the above calculation as they were anti-dilutive. Vested RSUs have been included in the above calculations. The net loss per share - basic excludes 1,287,529 of contingently-issued shares. The net loss per share - diluted does not include any contingently issuable shares or shares associated with the common stock warrants as the effect would be anti-dilutive.